Is JP Morgan Positive On Shares of Liberty Media Capital (NASDAQ:LMCA)?


Why Has JP Morgan Given Liberty Media Capital (NASDAQ:LMCA) a $46.00 Price Target

In recent note disseminated on 14 December, JP Morgan analyst has today have begun coverage for Liberty Media Capital (NASDAQ:LMCA) shares with a Overweight rating. The TP is exactly $46.00.

From a total of 11 analysts covering Liberty Media Capital (NASDAQ:LMCA) stock, 11 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 92% of the ratings are positive. The highest target price is $53 while the lowest target price is $39. The mean of all analyst targets is $48 with a 32.48% above today’s ($37.99) stock price. Liberty Media Capital was the topic of 8 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. FBR Capital maintained shares on November 5 with “Outperform” rating. Zacks upgraded LMCA stock in a recent report from August 20 to “Sell” rating. Finally, Wunderlich maintained the stock with “Buy” rating in a report issued on an August 4.

Approximately 257,963 shares of stock traded hands. Liberty Media Corp (NASDAQ:LMCA) has risen 2.69% since May 11, 2015 and is uptrending. It has outperformed by 7.11% the S&P500.

Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media, communications and entertainment industries. The company has a market cap of $12.44 billion. Through its subsidiaries and affiliates, the Company operates in North America. It has 141.37 P/E ratio. The Company’s businesses and assets include its consolidated subsidiaries SIRIUS XM and the Atlanta National League Baseball Club, Inc., and its equity affiliate Live Nation Entertainment, Inc.

According to Zacks Investment Research, “Liberty Media Corporation is engaged in media, communications and entertainment businesses through its subsidiaries and investments in publicly-traded companies. Liberty Media Corporation is based in Englewood, Colorado.”